CPC cuts gas prices
State-run refiner CPC Corp, Taiwan (CPC, 台灣中油) on Saturday announced price cuts for both liquefied natural gas (LNG) and liquefied petroleum gas (LPG) this month to reflect declining global oil prices.
Effective yesterday, CPC cut the price per cubic meter of LNG by 1.41 percent on average from last month, adding that an average consumption of 30 to 45 cubic meters per month would mean an additional saving of NT$7.8 to NT$11.7 for each household, according to a press release.
Prices for household LPG will drop by NT$2.5 per kilogram, and by NT$1.3 per liter for LPG used in cars, CPC said.
As a result, the price of a 20kg household gas cylinder will drop by NT$50, the company said.
Ichia reports higher sales
Handset keypad maker Ichia Technologies Inc (毅嘉) on Saturday said that its consolidated sales rose 7.46 percent year-on-year and 0.49 percent month-on-month to NT$925.4 million (US$30.35 million) last month despite intensified competition.
The firm has been readjusting its business and client portfolios, while increasing its focus on flexible printed circuit (FPC) components. As a result, its consolidated revenue for the first 10 months of the year totaled NT$9.64 billion, up 25.10 percent year-on-year, Ichia said in a filing with the Taiwan Stock Exchange.
Yuanta Securities Co (元大寶來證券) forecast the company’s sales for this quarter would rise slightly by 2 percent quarter-on-quarter to NT$2.83 billion, with gross margin slightly expanding to 18.7 percent from 18.6 percent in the past quarter.
Airline alliance grows market
A cross-strait aviation alliance, which includes the nation’s main carrier, China Airlines Ltd (CAL, 中華航空), on Saturday said it has enjoyed better market performance so far this year.
The alliance, dubbed the “Greater China Connection,” has increased its transport capacity by 8.8 percent year-on-year, while the volume of code-share services has soared 79.5 percent during that period, according to China Airlines.
The alliance also includes China Southern Airlines (南方航空), China Eastern Airlines (東方航空) and Xiamen Airlines (廈門航空), all of which are members of SkyTeam, one of the world’s three major airline alliances.
Fubon scraps German deal
Fubon Financial Holding Co (富邦金控) said on Friday that it had scrapped plans to acquire commercial real estate in Munich, Germany, after the seller found a buyer with a better offer.
The nation’s most profitable financial conglomerate won regulatory approval in September to purchase an office building in the German city for 159.6 million euros (US$201.1 million), eyeing rental yields of between 4.5 percent and 5 percent. Fubon Financial called off the deal after the seller indicated it found better offers, the company said in a stock exchange filing, without elaborating.
Market ‘must open more’
Mitac-Synnex Group chairman Matthew Miao (苗豐強) said on Friday that Taiwan is not ready to keep up the pace of the trend of regional economic integration, as the nation needs to be more open to better integrate with other economic entities.
Miao made the remarks on the sidelines of a press conference of the APEC Business Advisory Council (ABAC) in Taipei. Miao, HTC Corp (宏達電) chairwoman Cher Wang (王雪紅) and Cathay Financial Holding Co (國泰金控) chairman Tsai Hong-tu (蔡宏圖) are to attend an APEC CEO summit in Beijing this week.
Miao said the market needs to be opened to benefit millions of small and medium-sized enterprises and the nation needs to ink a cross-strait trade in goods agreement with China as soon as possible, or lose competitiveness in Southeastern Asia.
Car rental revenue rises
The nation’s car rental industry reported a 3.7 percent year-on-year increase in domestic car rental revenue to NT$11.5 billion in the third quarter, thanks to a 20 percent increase in foreign visitor arrivals during the three-month period, the Ministry of Economic Affairs said on Friday.
The growth was also generated by an increase in demand during the summer vacation, when many people traveled around the nation, the ministry said in a report.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
Intel Corp yesterday reinforced its determination to strengthen its partnerships with Taiwan’s ecosystem partners including original-electronic-manufacturing (OEM) companies such as Hon Hai Precision Industry Co (鴻海精密) and chipmaker United Microelectronics Corp (UMC, 聯電). “Tonight marks a new beginning. We renew our new partnership with Taiwan ecosystem,” Intel new chief executive officer Tan Lip-bu (陳立武) said at a dinner with representatives from the company’s local partners, celebrating the 40th anniversary of the US chip giant’s presence in Taiwan. Tan took the reins at Intel six weeks ago aiming to reform the chipmaker and revive its past glory. This is the first time Tan
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